Islamic Finance

Bachelier · Post by **Bachelier** » Thu Feb 21, 2008 9:28 am

"[b][i]14: Does not nature itself teach you that for a man to wear long hair is degrading to him, "[/i][/b]

[b][i]Degrading:[/i][/b]

[img]/User%20Files/1117/ahhhh,%20the%20'68ers......in%20the%20USA%20too..jpg[/img]

[b][i][/i][/b]

[img]/User%20Files/1117/hippie.jpg[/img]

[b][i][/i][/b]

[b][i]The Leviticus passage on booozing it was for the Levitical tribe, i.e. the priests. Basically, the charge was telling them "hey, don't go doing these rites and rituals in here drunk, ya gotta do it sober" although the strickter Levites latter did adopt teatotaling.[/i][/b]

Tradenator · Post by **Tradenator** » Thu Feb 21, 2008 9:44 am

So is that the Clintons? Who is that below, it reminds me of a carpenter I used to frame condos for in a previous life.

bobafett · Post by **bobafett** » Thu Feb 21, 2008 5:48 pm

tradenator: why would short positions not be allowed? the premise is the sharing of profit or loss, so in theory yo ucould paraphrase as such?

Tradenator · Post by **Tradenator** » Thu Feb 21, 2008 11:27 pm

My naiive quick answer is that usury isn't kosher, and the borrowing leg of short selling puts you at risk there. I think there is also a requirement to own the assets at some point, depending on the interpretation.

niles · Post by **niles** » Sun Mar 02, 2008 8:03 pm

summary of islamic finance:interest is forbidden

F.e the coupon is negotiated as a fixed fee for the issuer. the risk premium is a fixed fee.

Banks who lend money do so with a fixed fee.

crazy solutions to crazy problems i would say